Indian markets bounced back on Tuesday, with the Nifty rising by 92 points, boosted by positive momentum from the US markets and no major developments regarding the HMP Virus.

The trends on Gift Nifty also indicate a tepid start for the Indian benchmark index. The Gift Nifty was trading around 23,770 level, a discount of nearly 25 points from the Nifty futures’ previous close.

Broad-based buying across sectors kept the market breadth firmly in favour of advances, with midcap stocks outperforming their larger counterparts. The Nifty added 92 points to close at 23,708, while the midcap index gained 502 points to end at 56,

ONGC, SBI Life Insurance, Tata Motors, HDFC Life, Reliance Industries were among the top gainers on the Nifty, while losers were HCL Tech, TCS, Eicher Motors, Hero MotoCorp, Trent

On January 7, the Indian stock market benchmarks, Sensex and Nifty 50, gained over half a per cent in intraday trade even as HMPV virus fears persist.

The GIFT Nifty is indicating a positive start for the day. As of 8:15 AM, the GIFT Nifty was trading in green at 23,811.5, gaining 0.32% since the last close.

BSE Sensex and Nifty50, the Indian equity benchmark indices, crashed in trade on Monday. While BSE Sensex tanked over 1,400

Equity benchmarks recovered from Monday’s sharp decline, with oil and gas stocks leading the gains after CLSA upgraded ONGC to “high conviction outperform.” The 30-share BSE Sensex rose 234.12 points or 0.30 per cent to close at 78,199.11, while the broader NSE Nifty 50 advanced 91.85 points or 0.39 per cent to end at 23,707.90.

Stock Market LIVE Updates | After a three-day rally, the markets paused on Friday, dropping more than half a percent. Analysts noted that this pullback seemed like a typical breather following the recent rebound and could continue until the Nifty surpasses the next resistance level at 24,